Mei Ri Jing Ji Xin Wen·2026-02-04 02:39Core Viewpoint - The tourism sector is experiencing a significant influx of capital, driven by strong market confidence in service consumption recovery, particularly as the 2026 Spring Festival approaches [1][2]. Group 1: Market Performance - As of February 3, 2026, the total shares of the FuGuo Fund's tourism ETF (159766) reached 1,073,364.09 million, surpassing the 10 billion shares mark, indicating high market recognition for the tourism sector [1]. - The tourism ETF's growth began in late November 2025, expanding from 4.07 billion shares on November 21 to over 10 billion shares within 45 trading days, with the fund size increasing from 3.06 billion yuan to 8.59 billion yuan [1]. - The ETF has seen continuous net inflows exceeding 2.6 billion yuan over the past 20 trading days, reflecting strong investment interest [1]. Group 2: Policy and Seasonal Effects - The surge in tourism ETF investment is supported by favorable policies and the seasonal effects of the Spring Festival, with multiple departments introducing measures to boost consumer spending in the service sector [1]. - The commencement of the Spring Festival travel rush has led to increased passenger flow across railways, civil aviation, and highways, further catalyzing the tourism sector [1]. Group 3: Sector Fundamentals - The tourism sector is characterized by both short-term explosive potential and long-term certainty, with significant capital inflows reflecting strong market confidence in the recovery of service consumption [2]. - Key performance indicators such as the recovery of airline capacity, increased hotel occupancy rates, and surging visitor numbers at tourist attractions provide solid support for the sector's performance [2]. - The FuGuo Fund's tourism ETF closely tracks the CSI Tourism Theme Index, which includes leading companies across various segments of the tourism industry, ensuring comprehensive coverage of the tourism value chain [2].